About This Home

This 3-bedroom, 1-bathroom single family at 7169 Holmes Street in Detroit, MI is listed for $45,000 ($44 per sqft). Built in 1923, the home offers 1,026 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1923
  • 0.07 acre lot

Property Details

1 story
1 full
1923
Listing Description

This 3-bed, 1-bath property, located in Claytown, is government-owned and included in the Detroit Land Bank Authority (DLBA) program. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood.

How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement.

The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.

Monthly Cost Estimate

$241/mo

20% down · 6.5% · 30 years

Principal$33
Interest$195
Insurance$13

Estimates only. Actual payments may vary.

Location

7169 Holmes Street

Detroit, MI 48210

William L Holmes & Frank A Vernors Sub

Property Details

Construction

Wood

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 7169 Holmes Street is listed at $45,000 ($44/sqft). The estimated monthly payment is $241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1923, 0.07 acre lot.

This property is listed by Erick Monzo.

EM

Erick Monzo

Agent at SCS Great Lakes INC

Listed by SCS Great Lakes INC · Broker phone: (586) 541-4000 · View on Broker Site · Broker website

MLS# 20251038896· Source: Realcomp Limited II· 399 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7169 Holmes Street, Detroit, MI 48210

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